Sapient Capital LLC Grows Position in iShares Gold Trust (NYSEARCA:IAU)

Sapient Capital LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the first quarter, HoldingsChannel.com reports. The firm owned 185,871 shares of the exchange traded fund’s stock after buying an additional 229 shares during the quarter. Sapient Capital LLC’s holdings in iShares Gold Trust were worth $10,959,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC raised its holdings in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $28,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $29,000. Wood Tarver Financial Group LLC bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $31,000. Finally, Orion Capital Management LLC bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

Shares of iShares Gold Trust stock opened at $63.12 on Thursday. The company has a market cap of $46.46 billion, a PE ratio of -38.57 and a beta of 0.12. The business has a 50 day moving average of $61.79 and a 200 day moving average of $55.99. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $64.98.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.